Updated Oct 29, 2024
Goldman Investments Acquires Upper West Side Multifamily For $5.2M
169 W 83rd St, Manhattan, New York, NY, USA
$5,200,000
$937/SF
Building Size
5,545 SF
Asset Type
MultiFamily
Closing
Jan 27, 2021
About this deal
AI
Located in the Upper West Side, this multifamily property at 169 W. 83rd St. recently changed hands in a closed transaction. The property, consisting of 5 units, offers a total area of 5,545 square feet. The sale price for this transaction was recorded at $5,200,000, resulting in a price per unit (PPU) of $1,040,000. The price per square foot (PPSF) stands at $937. The previous sale took place in September 2008 for $3.2 million.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Units: 5
- Price Per Unit (PPU): $1,040,000
- Total Square Feet: 5,545
- Price Per Square Foot (PPSF): $937
- Address: 169 W. 83rd St.
- Market: Upper West Side
The buyer for this transaction was Goldman Investments, represented by Hadar Goldman. The seller in this deal was Douglas Jabbour.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93